1120 S Corporation Business Questionnaire
1120 S Corporation Business Name
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Tax Year
*
Tax year of tax return being filed
Is this a first-year or final year return?
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First Year
Final Year
No
Has the S Corporation been notified of any changes to previous returns by any taxing authority?
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Yes
No
Have there been any changes to the business' operating agreement and/or ownership or ownership percentages during the year?
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Yes
No
Have there been any changes to the shareholder’s buy-sell agreement?
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Yes
No
Did the business purchase or sell a business segment during the year, engage in any new lines of business, or discontinue operations during the year?
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Yes
No
Did the S Corporation acquire, sell, or dispose of any assets during the year other than what is included in the books?
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Yes
No
Did the S Corporation receive, use, or dispose of any virtual currency?
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Yes
No
Did the S Corporation refinance, retire or acquire new debt during the year other than what is included in the books?
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Yes
No
Does the S Corporation have a retirement plan in place?
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Yes
No
If you have a business retirement plan, do you intend to make a contribution?
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Yes
No
Did the S Corporation make any payments that would require it to file a Form 1099?
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Yes
No
Did the S Corporation receive any 1099 series forms for investment income?
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Yes
No
Did the S Corporation have any related-party transactions?
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Yes
No
Did the S Corporation do business in more than one state?
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Yes
No
Does the S Corporation pay for key person life insurance premiums?
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Yes
No
Was there any personal use of company owned vehicles and any other fringe for shareholders or employees?
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Yes
No
Did the S Corporation pay for health insurance for any >2% shareholders?
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Yes
No
Did the S Corporation have any foreign (check which apply):
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Sales
Bank or other financial accounts
Payments to a foreign person
None
Did the S Corporation change address?
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Yes
No
Did the S Corporation maintain record of receipts/evidence for all business expenses? (including date, place, purpose, and business relationship with the person for meals & entertainment)
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Yes
No
Did the S Corporation pay any lobbying expenses that are included in the trade association dues?
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Yes
No
Did the S Corporation make any contributions to charitable organizations?
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Yes
No
Submit
Should be Empty: